7. The term "customer churn" refers to when customers withdraw from a particular market; this leads to negative market growth. a. True b. False

8. Even though EBITDA excludes the non-cash expenses of depreciation and amortization, it should not be considered a measure of cash flow. a. True b. False

9. A companys current ratio must always be larger than its acid-test ratio. a. True b. False

10. If you learn the warning signs of manipulating revenues or earnings, and you are willing to take the time to thoroughly review the financial statements and the corresponding notes, you will be able to always successfully identify whether a companys earnings are fairly presented. a. True b. False